Any successful BRRR in OHio?

[Akshay Bhaskaran]

Hello BP Community,

I'd like to connect with you to get your knowledge and experience on any of your BRRRs in Ohio. It can be anywhere in OH -- Cleveland, Columbus, Akron, or anywhere, and here's what I'm specifically looking for:

1. What are some of the cities in OH that you would recommend to invest? Cleveland, Akron, Columbus is all I know.
2. I've always had an assumption that OH is a Ca$h Flow market and not an Appreciation market. I mean, once we get off-market property and do some rehab, we can force appreciate it, but what about the later natural appreciation?
3. When you invest in OH, I've heard some good schools, and some decent employers like Progressive, Cleveland Clinic etc. -- but, which one would you choose and why? Coz Strongsville has good schools, but less employers. 

Looking forward to getting some great guidance from you all on getting my BRRR started in Ohio.

[Bob Stevens]

UMM YESS, for the last 10 years. Now sure the high cash flow of 30% nets have decreased as pricing has doubled, tripled (all in 35- 40k, now, 100k-140k) and much more so your assumption is incorrect. (Cleveland markets) but sill great ROI. I just closed on a 3 br all in will be 65k ( pp 40k reno 25k) YES all in, Rent will be 1600. value is about 125k. Closing today on a duplex, all in 90k, rents 900/900, value about 130k This is my norm. I can provide 100s of examples.

BTW look how incorrect you were, see this is what happens when people sit on the internet and THINK they are " learning" 

44109 (median home price went from roughly 50k to 125k in 8 years)

https://www.zillow.com/home-values/77009/cleveland-oh-44109/

44102 (median home price went from roughly 30k to 120k in 8 years)

https://www.zillow.com/home-values/77002/cleveland-oh-44102/

44106 (median home price went from roughly 100k to 200k in 8 years)

https://www.zillow.com/home-values/77006/cleveland-oh-44106/

All the best